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Nov 13, 2012
11/12
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FBC
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to be speaker boehner, a lot of publicans running with tail between their tails here. on deep end like tax, immigrations and reform. they may be caving onssues that tea partiers held near and dear. dick armey, a big tea party player, freedom works, how do you feel about that for one of a better term, dressing down on part of speaker boehner on republican troops, tea partiers included. many, made him the speaker. >> well, let me say i love john boehner like a brother, i don't envy him the position he is in. but i am also reminded of what ronald reagan taught us years ago, good polic makes good politics, john boehner needs to emphasis economic growth, is the way to get increed revenue. and there is two ways to -- two imperatives, dress down reduce, and discipline our government run among so there is confidence to grow in private sector then a tax system that accommodates that growth. you will dress a tax system of this country, from theoint of view of what is fair, have you taken the most simple minded way to address taxes. taxes are about raising the necessary revenue t
to be speaker boehner, a lot of publicans running with tail between their tails here. on deep end like tax, immigrations and reform. they may be caving onssues that tea partiers held near and dear. dick armey, a big tea party player, freedom works, how do you feel about that for one of a better term, dressing down on part of speaker boehner on republican troops, tea partiers included. many, made him the speaker. >> well, let me say i love john boehner like a brother, i don't envy him the...
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Nov 8, 2012
11/12
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boehner could not and what resulted instead were the outlines of the fiscal cliff. the speaker is now floating the idea of a different grand bargain. scott, the idea is to delay the entire fiscal cliff for a year to give congress the time to work on tax and entitlement reform. >> pelley: wyatt, thanks, john dickerson is our cbs news political director. you just heard what wyatt said. does that sound like the beginning of progress? >> well, the president and republican leaders are talking about cooperation and after the 2010 election there was a flurry of activity. one thing that's changed that might suggest both sides can work together is that because the president's no longer up for reelection republicans can work with him and know they're not helping his political fortunes. now, they still have to calculate their own political fortunes, and that's under way. the election was just yesterday. let's look at mitch mcconnell, the leader of the republicans in the senate. he's got a reelection in 2014. does he cooperate because he's up for reelection or does he not coope
boehner could not and what resulted instead were the outlines of the fiscal cliff. the speaker is now floating the idea of a different grand bargain. scott, the idea is to delay the entire fiscal cliff for a year to give congress the time to work on tax and entitlement reform. >> pelley: wyatt, thanks, john dickerson is our cbs news political director. you just heard what wyatt said. does that sound like the beginning of progress? >> well, the president and republican leaders are...
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Nov 9, 2012
11/12
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boehner's comments. they are interpreting it, according to traders i've talked to anyway, as an opening, if you will, which john, you really just mentioned. but eamon, we expect this event to happen momentarily, but how much influence do you think, if any at all, the congressional budget office detailing what might happen to the unemployment rate might have on these particular discussions? i mean they said that if all -- if we go over the fiscal cliff, that we might see an unemployment rate spike to above 9%. do you think that that pushes it a little bit for both sides to really get together and get something done? >> well, look. unemployment over9% is definitely an eye opening figure. but i think the folks in washington know this is a bad deal. they know it is a worst case scenario if we go over the fiscal cliff. there are some in both parties who argue that it might be best to actually go over the fiscal cliff for a variety of tactical and ideological reasons but most folks in washington, sort of where
boehner's comments. they are interpreting it, according to traders i've talked to anyway, as an opening, if you will, which john, you really just mentioned. but eamon, we expect this event to happen momentarily, but how much influence do you think, if any at all, the congressional budget office detailing what might happen to the unemployment rate might have on these particular discussions? i mean they said that if all -- if we go over the fiscal cliff, that we might see an unemployment rate...
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Nov 8, 2012
11/12
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KNTV
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meanwhile, speaker of the house john boehner has relaxed his opposition to new tax hikes to solve the budget crisis. it was a sign after the election that republicans are ready to start negotiations. it's a good sign as fears of the cliff sent the markets into their worst fall so far this year on wednesday. let's turn to jackie deangeles who's live at cnbc headquarters. good morning, jackie. >> reporter: good morning to you, scott. well, the good side and the bright side of the news is that the u.s. stock futures are trending higher at the moment. as you said after a very sharp sell-off yesterday following president obama's re-election. the overseas markets saw a mixed bag. shares in asia tumbled overnight over fears of the looming u.s. fiscal cliff while the european markets are holding on to small gains. the dow had its worst day in a year closing below 13,000 for the first time since august 3rd to 12, 932. the s&p 500 down 33 points to 1394 and the nasdaq falling 74 points to 2937. marketwatchers no doubt looking for some signs of relief today as the s&p and the nasdaq also under k
meanwhile, speaker of the house john boehner has relaxed his opposition to new tax hikes to solve the budget crisis. it was a sign after the election that republicans are ready to start negotiations. it's a good sign as fears of the cliff sent the markets into their worst fall so far this year on wednesday. let's turn to jackie deangeles who's live at cnbc headquarters. good morning, jackie. >> reporter: good morning to you, scott. well, the good side and the bright side of the news is...
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Nov 9, 2012
11/12
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we've heard also from house speaker john boehner, the republican leader, who said they're open to new ideas, new revenue, but not necessarily by raising taxes. he will speak before the president today and clarify what he meant by new revenue was boosting the economy so people make more money. when you pay your taxes, more money goes to the federal government. a temporary truce not necessarily calming wall street but there is a report from the congressional budget office that says if they don't do something, we could be looking at 9.1% unemployment next year. >> all right, tracie potts, thank you very much. >>> 5:44. mountain view police say more arrests are coming following a first of its kind drug bust in the silicon valley. marla tellez joins us in our newsroom with more on the bust and what really made this one unique. >> reporter: yeah, the drug itself is what made this bust unique. it's called dmt or dimethyltryptamine. we can show you what it looks like. here it is in its final crystal form. it is a hallucinogen naturally found in plants. when it's synthesized in the lab it beco
we've heard also from house speaker john boehner, the republican leader, who said they're open to new ideas, new revenue, but not necessarily by raising taxes. he will speak before the president today and clarify what he meant by new revenue was boosting the economy so people make more money. when you pay your taxes, more money goes to the federal government. a temporary truce not necessarily calming wall street but there is a report from the congressional budget office that says if they don't...
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Nov 16, 2012
11/12
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what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these bounces. >> what a significant pop seeing in the stock market, guys. throw up the dow industrials on an intraday. in fact, throw up all three intraday charts because you're going to see quite a dramatic reversal. the dow industrials up 48 points. highs of the day, again, down 50 to 60 points or so as the wraps wrapping up and positive comments of the leaders in the room with the president today. unless you have a rally on wall street and let's get to washington to the north lawn of the white house where john harwood is. this seemed to go as well as one could hope thus far, at least. >> reporter: i thin
what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these...
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Nov 9, 2012
11/12
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. >> we'll hear from republican speaker of the house john boehner. what do you expect out of him? >> reporter: you know, he opened the door and said we are interested in talking about new revenue and then had to go back and clarify himself and he will likely do that again today. he did that in an interview but probably will do it in a wider form to say we are not for new taxes. if that's the way president obama and the democrats want to bring more money into this government, we're not going to go for it. >> one last question for you. we talked about this causing a recession. this thelma and louise impact. there could be real impact on the unemployment and economy. >> reporter: if congress does nothing and lets those tax increases happen and don't forget the 2% payroll tax break we ought got this year too, if they let both happen at the beginning of the year plus the massive budget cuts in the government we haven't even talked about that and the effect on the military, if all of that goes into effect, no unemployment benefits extended for people, they think that we could be looking
. >> we'll hear from republican speaker of the house john boehner. what do you expect out of him? >> reporter: you know, he opened the door and said we are interested in talking about new revenue and then had to go back and clarify himself and he will likely do that again today. he did that in an interview but probably will do it in a wider form to say we are not for new taxes. if that's the way president obama and the democrats want to bring more money into this government, we're...
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Nov 10, 2012
11/12
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WETA
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let's rise above the this function and do the right thing for our country. >> later john boehner told diane sawyer he is the most reasonable, responsible person in washington and the president knows that. the fiscal cliff looms at the end of the year. will we reach a compromise before then, charles? >> i do not think it will be a comprehensive compromise. i think they will be able to patch something together. i think they will be able to agree on it true tax reform sometime next year. i think they will get past the cliff. if he insists on raising rates, he will be stymied. >> what is the message? >> it is a mixed message. i think we all agree the cornerstone of the president from message is we raise taxes on those earning over $250,000. mitt romney pledged to repeal obamacare. these are the essential points of their candidacies. i think he can point to that. but at the same time, he has to deal with the republican house and john painter has to deal with the republican house. john boehner -- he is not being humbled by saying that he is the best that the president has in the republican
let's rise above the this function and do the right thing for our country. >> later john boehner told diane sawyer he is the most reasonable, responsible person in washington and the president knows that. the fiscal cliff looms at the end of the year. will we reach a compromise before then, charles? >> i do not think it will be a comprehensive compromise. i think they will be able to patch something together. i think they will be able to agree on it true tax reform sometime next...
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Nov 9, 2012
11/12
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boehner offered an olive branch so to speak. i think you're going to see president obama do the same thing. we've seen a lot of, again, the tech stocks seem to be hit hard here. one of the things i would say to people, if you're not comfortable, sell them out of the money puts. >> deutsche bank's chief strat jit david bianco joins us for wall street's view for markets and the wall street cliff. good to have you. thanks for joining us on halftime. >> thank you. >> it's been a really difficult week in the stock markets. how are you see it here? >> our focus is the dismal so e so if we can get dev dends, we'll see a growth. but we really need to see a compromise that brings a dividend tax rate that goes no higher than 25%. if it goes up to 43.4 or so, that we would take as a big concern. >> are you more or less optimistic now given the results of the election? >> a compromise will be reached. we do not expect to go over the fiscal cliff in the sense of it being triggered. this might go up to the last minute. december 31st may possi
boehner offered an olive branch so to speak. i think you're going to see president obama do the same thing. we've seen a lot of, again, the tech stocks seem to be hit hard here. one of the things i would say to people, if you're not comfortable, sell them out of the money puts. >> deutsche bank's chief strat jit david bianco joins us for wall street's view for markets and the wall street cliff. good to have you. thanks for joining us on halftime. >> thank you. >> it's been a...
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Nov 9, 2012
11/12
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WUSA
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what boehner is suggesting was proposed by mitt romney in the campaign. essentially raising taxes on the rich by limiting what they take off their taxes. the president has dismissed this approach before because these same deductions also help the middle-class. so what we're seeing now is a classic negotiation, scott. both sides spent day sounding tough while they were also sending singh malls on where they might find common ground. >> pelley: wyatt, thank you very much. we'll call in bob schieffer and ask the question. bob, do you think they can make a deal? >> well, it's hard to say. what we saw today, scott, was simply both sides laying down their opening markers. both sides were very courts you and civil and that is rare these days but i think what we saw underlined today was not that they are coming together but just how far apart the two sides are. i didn't see either side give an inch. but this is just the beginning of the beginning. the real work will probably have to be done behind closed doors and i think it's going to be a while before we know i
what boehner is suggesting was proposed by mitt romney in the campaign. essentially raising taxes on the rich by limiting what they take off their taxes. the president has dismissed this approach before because these same deductions also help the middle-class. so what we're seeing now is a classic negotiation, scott. both sides spent day sounding tough while they were also sending singh malls on where they might find common ground. >> pelley: wyatt, thank you very much. we'll call in bob...
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Nov 8, 2012
11/12
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MSNBC
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what struck me yesterday with john boehner he was saying as we approach the fiscal cliff, boehner was saying yesterday that the bottom line for republicans after this election is the same as it's been for 22 years. that is, that any kind of income tax hike, especially for the wealthy, is off the table for them. do you have a sense of what the white house is thinking is on the table? we approach january 1st. is it that they are really eager mainly to strike a grand bargain they can sell as a major bipartisan achievement? is the idea of fighting past january 1st if necessary to get rid of the bush tax cuts for the wealthy americans more of a priority for them? >> no. i think they want a deal if they can get it. you're right to listen closely to john boehner, because what he had is he'll accept some revenues in the context of tax reform, a big, wonderful, fuzzy nebulous idea. what he won't expect initially is a change in the rates. of course, that's what it's about. it's about the rates for the highest income earners. and that's where john boehner is refusing to start out in the negotiat
what struck me yesterday with john boehner he was saying as we approach the fiscal cliff, boehner was saying yesterday that the bottom line for republicans after this election is the same as it's been for 22 years. that is, that any kind of income tax hike, especially for the wealthy, is off the table for them. do you have a sense of what the white house is thinking is on the table? we approach january 1st. is it that they are really eager mainly to strike a grand bargain they can sell as a...
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Nov 8, 2012
11/12
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we will start with harry reid and move on to john boehner. [video clip] >> they are tired of partisan gridlock. i have one goal, to be obama. obama was reelected overwhelmingly. republicans want us to work together. democrats want us to work together. they want to reach a balanced approach to everything, but especially the situation we have with the huge deficit. taxes are a part of that. >> the american people have spoken. they have reelected president obama, and every elected a republican majority. if there was a mandate, it is a mandate for us to find a way to work together on the solutions to the challenges we all face as a nation. my message today is not one of confrontation, but one of conviction. mr. president, this is your moment. we are ready to be led. not as democrats or republicans, but as americans. we want you to lead as president of the united states of america. we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's do the right thing together for our country. host: ron, you are up
we will start with harry reid and move on to john boehner. [video clip] >> they are tired of partisan gridlock. i have one goal, to be obama. obama was reelected overwhelmingly. republicans want us to work together. democrats want us to work together. they want to reach a balanced approach to everything, but especially the situation we have with the huge deficit. taxes are a part of that. >> the american people have spoken. they have reelected president obama, and every elected a...
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Nov 9, 2012
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boehner's tone was good. when you look inside and say, we can rely on dynamic scoring, when you begin to dissect that, it has some problems. i am hopeful that with the business community's help, and with the president paz's leadership, we can bring the republicans around. >> we talked about [indiscernible] 3 numbers [indiscernible] do you have a strategy for trying to pass the middle class tax [indiscernible] are you trying to do that [indiscernible] the tax issue, and are you going to [indiscernible] >> the general thrust of your question. i think most of our colleagues say the senate needs to be fixed, that there is something wrong with it. there will be a lot of discussions about that over the next few weeks. i will not comment on specifics until we have those discussions. it needs to be done not just for one particular issue, but in general, to get the senate working better. >> [indiscernible] >> any agreement, because we have to pass things in the house and senate, passed the bar partisan -- has to be bi
boehner's tone was good. when you look inside and say, we can rely on dynamic scoring, when you begin to dissect that, it has some problems. i am hopeful that with the business community's help, and with the president paz's leadership, we can bring the republicans around. >> we talked about [indiscernible] 3 numbers [indiscernible] do you have a strategy for trying to pass the middle class tax [indiscernible] are you trying to do that [indiscernible] the tax issue, and are you going to...
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Nov 9, 2012
11/12
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john boehner said we are ready to be led. is this just honeymoon talk or do the american people have reason to believe things might be different in a second term? >> a lot of it's honeymoon talk. this is the natural result. the president wants to appear magnanimous in victory. the speaker, whose party just lost, wants to be clear that practically he understands that the country voted for an incumbent president as opposed to the nominee of his party, so it behooves him at this point to make the right noises. but it's still friday. sometimes bipartisanship in washington is a little like what mark twain said about tom sawyer and huck finn. there was once an evangelist who came to town who was so good that even huck finn was saved until sunday afternoon. there is a short half life. >> so pessimism about business as usual changing in washington? >> not pessimism. just, it's going to be a very -- nobody's interests have radically changed except that you do have this fiscal cliff. you do have this situation that interestingly washin
john boehner said we are ready to be led. is this just honeymoon talk or do the american people have reason to believe things might be different in a second term? >> a lot of it's honeymoon talk. this is the natural result. the president wants to appear magnanimous in victory. the speaker, whose party just lost, wants to be clear that practically he understands that the country voted for an incumbent president as opposed to the nominee of his party, so it behooves him at this point to...
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Nov 8, 2012
11/12
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you'll see him -- boehner taking a historic role with his -- the fiscal problem we have. maybe they'll be able to work together, better in a second term. >> was his interests more on the personal characters and personal trades of the preceding presidents and their weaknesses and strengths? or was it more on policies and how they dealt with the crisis at their time? >> i think more on the crisis in policy. these are very relaxed dinners action it's said, like i said, as a book club. he was very gracious, just going around and letting people talk about what they're working on, and ask different questions, realizing he can't repeat the past, that things are different, but what can you learn from them? you realize that someone like franklin roosevelt is endlessly talking about. can we have a conservation corps now? is that doable? there's a lot of things -- he's looking at history, you know, to may be a bit of a guide here in the second term. >> now, some of the key items on the president's agenda, deficit reduction action tax reform, immigration, climate change, alternative
you'll see him -- boehner taking a historic role with his -- the fiscal problem we have. maybe they'll be able to work together, better in a second term. >> was his interests more on the personal characters and personal trades of the preceding presidents and their weaknesses and strengths? or was it more on policies and how they dealt with the crisis at their time? >> i think more on the crisis in policy. these are very relaxed dinners action it's said, like i said, as a book club....
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Nov 10, 2012
11/12
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i think boehner will do what boehner needs to do. i hope that obama will do what he needs to do, but i think the chances are good and we will not suffer catastrophe, because americans somehow avoid catastrophe. >> mort, this very sensible, and in general there is a good chance of that happening. but i have to take exception to your referenced above to bob woodward. we would help him because of his arguments that barack obama failed to work his will on congress like lyndon johnson did. that is the most naive thing i have ever heard in my life. the only reason this kind of presidential leadership and skilled and care is necessary now is it because it follows an election that barack obama won. republicans' effort to get back in power of a scorched-earth policy has failed. >> read the book and the movie is coming. questions from the audience, please. >> i am wondering what impact you think of a link-up of moderate senators, such as brown, lugar, are going to have on the negotiation? >> we have been waiting for some time, including for ex
i think boehner will do what boehner needs to do. i hope that obama will do what he needs to do, but i think the chances are good and we will not suffer catastrophe, because americans somehow avoid catastrophe. >> mort, this very sensible, and in general there is a good chance of that happening. but i have to take exception to your referenced above to bob woodward. we would help him because of his arguments that barack obama failed to work his will on congress like lyndon johnson did....
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Nov 9, 2012
11/12
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speaker boehner spoke with abc. let's listen to what he had to say about that interview. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. putti putting increased revenues on the table, but through reforming our tax code. and i would do that if the president were serious about solving our spending problem, and trying to secure our entitlement programs. >> reporter: so there you have it. he said raising tax rates is unacceptable. this is really the new slash old mantra. he says, again, revenues are on the table, but they have to come from the right place, which means tax reform and not raising rates on higher earners, so we're likely to hear more of that today. i spoke with a spokesman who said right now, no scheduled meetings between principles or staff. we're going to hear him continue to make the same points, most likely, ashleigh. >> all right. athena jones, thank you for that. we'll continue to follow and wait for those remarks, too. >>> so now i'm going to move on to this. it'
speaker boehner spoke with abc. let's listen to what he had to say about that interview. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. putti putting increased revenues on the table, but through reforming our tax code. and i would do that if the president were serious about solving our spending problem, and trying to secure our entitlement programs. >> reporter: so there you have it. he said raising tax rates is unacceptable. this is really the...
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Nov 8, 2012
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i heard john boehner say that he was open to revenue. now, however defined that he was open to revenue. there were other voices more disside dissident. certainly i thought senator mcconnell unfortunately didn't sound the same, positive note that the others did but look, the president made very clear that he is prepared to sit down across the aisle. in fact started calling republican colleagues. i've been part of, for a year and a half a group of six, it's now a group of eight. we have been working steadily, and there are other groups working. i believe our colleagues if they're prepared to act, will have options to consider when they return. >> i'm just wondering and senator, do you think it's possible that we don't have to -- will the democrats agree not to get to 39.2, is there something else they'd accept, some other way of revenue raising where that top marginal rate doesn't go back, that seems to be something that, ever since the president compromised that first time, it's like it's been set in stone they could never compromise agai
i heard john boehner say that he was open to revenue. now, however defined that he was open to revenue. there were other voices more disside dissident. certainly i thought senator mcconnell unfortunately didn't sound the same, positive note that the others did but look, the president made very clear that he is prepared to sit down across the aisle. in fact started calling republican colleagues. i've been part of, for a year and a half a group of six, it's now a group of eight. we have been...
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if you listenedto speaker boehner last night. he is happy to have tax revenues go up, just not tax rates. you don't want to raise tax rates when you have an economy that is so weak it is disincentive to invest, and job, and --. melissa: fred, no olive branch what you're saying there, my friend. >> sure what do you mean? melissa: juan, did you hear an al live branch in there? >> no. he is a smart man but the thing is he is a hard man, melissa. >> oh, please. >> what just basically said is, the same deal we were offering before and we don't see any need for further compromise. that just encourages democrats in their intransigence. but olive branch you're looking for, i don't see it. melissa: juan, here is your chance to rise above the fray. here is your chance to make mr. barnes look bad. give me your olive brand of. you make your suggestion. what would you like the democrats to come and offer here? >> well i think the president needs to go public with embracing some aspect of simpson-bowles so he has taken political ownership in a
if you listenedto speaker boehner last night. he is happy to have tax revenues go up, just not tax rates. you don't want to raise tax rates when you have an economy that is so weak it is disincentive to invest, and job, and --. melissa: fred, no olive branch what you're saying there, my friend. >> sure what do you mean? melissa: juan, did you hear an al live branch in there? >> no. he is a smart man but the thing is he is a hard man, melissa. >> oh, please. >> what just...
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Nov 14, 2012
11/12
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both for president obama and for the house majority leader boehner. mitch mcconnell at least in public he tendses to look at president obama like a hitchhiker with pets or something. he doesn't want anything to do with him. if he continues to hold it, his first statement election night after president obama won, to say the least not very generous. >> not quite bipartisan. >> if mcconnell holds to that line, then big trouble for the obama agenda and for what boehner and others hoped to accomplish and big trouble for the country. some things you feel congress is so out of touch, i don't know how they could be after this election but, you know, there's out of date as these belt and slacks men used to wear. >> the metaphors are beautiful. >> belts and slacks. >> i love it. >> but i actually think there is a lot of truth there, which is they have the lowest approval rating historically. the obstructionism i don't think you can play it again for another two years. >> i think this is one where the members of the republican caucus in the senate have to let th
both for president obama and for the house majority leader boehner. mitch mcconnell at least in public he tendses to look at president obama like a hitchhiker with pets or something. he doesn't want anything to do with him. if he continues to hold it, his first statement election night after president obama won, to say the least not very generous. >> not quite bipartisan. >> if mcconnell holds to that line, then big trouble for the obama agenda and for what boehner and others hoped...
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Nov 14, 2012
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boehner and mcconnell still in charge. although they did better and you could argue there's no reason. are you surprised there's not a push to change leaders inside your party even if it's just the face of the party a little bit? >> it's difficult. within the house there is -- i think there will be a battle for the conference chair. >> but it's a -- >> i'm surprised, yeah, but at the same time, we need strong leadership and a strong speaker and i think boehner can do a good job -- >> looks like he's going to get more political leeway. he doesn't have eric cantor. it seems like there's for trust between the two but, jackie, if the american people had known they not only were re-electing status quo but the same people are in the room that gave us the gridlock, i wonder how that ballot would have turned out. >> i wonder if he said it's going to be the same people in the room, and, you know, a lot of this is going to be theater. we were talking about that for the first couple of days, hopefully not weeks but there will be a lo
boehner and mcconnell still in charge. although they did better and you could argue there's no reason. are you surprised there's not a push to change leaders inside your party even if it's just the face of the party a little bit? >> it's difficult. within the house there is -- i think there will be a battle for the conference chair. >> but it's a -- >> i'm surprised, yeah, but at the same time, we need strong leadership and a strong speaker and i think boehner can do a good...
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second, he's rejecting the john boehner approach which is boehner saying i'll agree to revenues as long as they come as a result of economic growth. in other words, we won't legislate changes in taxes. we'll hope that revenues go up. he's saying no, that won't work for me. you're not going to legislate spending cuts. this is the president talking. not legislate revenue changes as well. >> bill: all right. so there are -- the most immediate decision maybe facing the congress is that as you point out, all of the bush tax cuts expire. which means not only the taxes -- tax cuts for the wealthy expire, the tax cuts for those making under $250,000 a year expire as well. so the president said friday all right, the senate has already passed a bill which would give extended tax cutless for the 98%, those making under $250,000. but let the ones for the wealthier people and defined as over $250,000 expire. and he challenged the house of representatives to pass that. what do you think -- so this is a real -- to me, this is like they've got the gun to their head. are you going to pass the tax cut fo
second, he's rejecting the john boehner approach which is boehner saying i'll agree to revenues as long as they come as a result of economic growth. in other words, we won't legislate changes in taxes. we'll hope that revenues go up. he's saying no, that won't work for me. you're not going to legislate spending cuts. this is the president talking. not legislate revenue changes as well. >> bill: all right. so there are -- the most immediate decision maybe facing the congress is that as you...
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john boehner is pulled by two groups. one he does not want to be obstructionist not to allow tax cuts for lower group to go through and doesn't want tax cuts to go through. he is pulled on that side and by his own party. what i hope is that the vast majority of the republicans hold true and if some of the republicans peel off, i would, that would be fine. if they pushed through obama's bill, but i do not want to see them punished. but the republicans need to have this position for 2014 and the rest of 2013 when the economy goes in the garbage dump. republicans are right. bill: two more quick questions on this. >> sure. bill: when these congressional leaders speak, what sort of code words should we be listening for today? >> well i don't know what they would say to each other but on the outside, using the word rates left revenues and that type of stuff are code words especially coming from the president. if he talks about raising revenues and does not insist on it being rates there is a good compromise possible. if he forc
john boehner is pulled by two groups. one he does not want to be obstructionist not to allow tax cuts for lower group to go through and doesn't want tax cuts to go through. he is pulled on that side and by his own party. what i hope is that the vast majority of the republicans hold true and if some of the republicans peel off, i would, that would be fine. if they pushed through obama's bill, but i do not want to see them punished. but the republicans need to have this position for 2014 and the...
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. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as the fiscal cliff. while democrats often balling at any mention of entitlement reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. >> reporter: leader pelosi said there appeared to be interest in a big deal, about four trillion dollars worth of deficit redictions along the lines of the grand bargain that fell apart wean the president and speaker boehner last year, anthony. >> mason: nancy, there are just 46 days until the new year. what can they really hope to accomplish in that time?
. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as...
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the second point on what boehner said. the best way to cut spending is benefits are cut and therefore spending will go down automatically. the republican reaction would be almost instainsly negative. we're a day and a half after the election and the fiscal cliff is six weeks away. i'm curious whether anybody here thinks this is going to be settled before christmas? >> unless we have a temporary agreement that pushes them into next year. >> are you saying we will or we need to in order to get our mind right? >> both. i don't agree with that. let me say in terms of the pieces, i see it a little differently. i think the treasury is the best estimates and they're always more pest mystic as you pointed out is that the treasury runs out of borrowing authority in february. i think that means that they run out of borrowing authority in the same way they did in may of 2011 which really means they can go to extraordinary movements within accounts and get another eight weeks worth of time. so instead of february, instead of the end o
the second point on what boehner said. the best way to cut spending is benefits are cut and therefore spending will go down automatically. the republican reaction would be almost instainsly negative. we're a day and a half after the election and the fiscal cliff is six weeks away. i'm curious whether anybody here thinks this is going to be settled before christmas? >> unless we have a temporary agreement that pushes them into next year. >> are you saying we will or we need to in...
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boehner still doesn't control his caucus. we don't have to ask what the american people wanted. president obama ran on an explicit program of raising taxes on top earners. and boehner is still talking about the romney plan, mess around with loopholes and take away loopholes from top earners. that was romney's plan and romney lost. the president holds the cards here. the world won't come to an end on january 1st if all the rates expire. it's more of a curve. i think we can afford to go off it. >> we'll see. as we quickly approach it. my thanks to the power panel today. i really appreciate your time today. >>> coming up next, a bipartisan plan to fix the nation's debt. the co-chairs are going to join me, ed rendell and former new hampshire senator judd gregg will join me to talk about this. we want to know what you think. should general petraeus have resigned? tweet me your thoughts about this or find me on facebook. oun] today, jason is here to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in
boehner still doesn't control his caucus. we don't have to ask what the american people wanted. president obama ran on an explicit program of raising taxes on top earners. and boehner is still talking about the romney plan, mess around with loopholes and take away loopholes from top earners. that was romney's plan and romney lost. the president holds the cards here. the world won't come to an end on january 1st if all the rates expire. it's more of a curve. i think we can afford to go off it....
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but john boehner has to be given some kind of cover so he can bring 140 republican votes with him. it will be very difficult to do a. obama will have to immediately decide whether he wants to go off the cliff with the bush tax cuts, or if he will try to get something big and mushy like tax reform. it will have to be massaged in such a way through increased revenue and more money flow and fees. anything to avoid that horrible thing called a tax increase. >> we heard the last panel talked a little bit about redistricting and the impact on partisanship, especially in the house. the senate has gotten more ideological itself after last night. the democrats coming in include this gamut from elizabeth warren to heidi high camp. republicans, there are not many of them coming in, but jeff flake is on the oversight. >> jeff blake is a pro vote when it comes to climate change. elizabeth warren was a republican candidates through the clinton years. the system -- director of the office of federal planning at the trade c
but john boehner has to be given some kind of cover so he can bring 140 republican votes with him. it will be very difficult to do a. obama will have to immediately decide whether he wants to go off the cliff with the bush tax cuts, or if he will try to get something big and mushy like tax reform. it will have to be massaged in such a way through increased revenue and more money flow and fees. anything to avoid that horrible thing called a tax increase. >> we heard the last panel talked a...
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. >> i would even say keep these conversations loud and public and also show john boehner, if john boehner is going to be blaming everybody else but john boehner for being owe not being able to poll this red ants that infested his regions what can't get done, let's just see what that's about. because this is a democracy. this isn't the president's mandate. it's everybody's mandate. >> i want to set two things next to each other. on the one hand, we had a letter in the washington post to the president and to the congress from sort of the group that had supported the president, big labor and others and they made it very clear. the 2012 elections are over. the american people have spoken. we've voted for the middle class, putting people back to work and not job killing budget cuts and not attacking social security and medicare and medicate. this is what they're saying. on the other hand, we have boehner who won a majority in the house of representatives. here's what he said thursday to diane sawyer about raising taxes. >> is it on the table to talk about it? >> i made clear -- >> the wealthie
. >> i would even say keep these conversations loud and public and also show john boehner, if john boehner is going to be blaming everybody else but john boehner for being owe not being able to poll this red ants that infested his regions what can't get done, let's just see what that's about. because this is a democracy. this isn't the president's mandate. it's everybody's mandate. >> i want to set two things next to each other. on the one hand, we had a letter in the washington...
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here's speaker boehner on the chances of cutting a deal. here it is. >> if you've looked closely at what the president had to say and look closely at what i have had to say, you know, there are no barriers here to sitting down and beginning to work through this process. >> ruth conniff, i really don't know what that means. do you? >> it makes me nervous because i don't really want to see us moving that close to boehner. and, you know, it's interesting. i talked to economist dean baker, he's the economist in america who showed that the housing bubble was a threat back in 2002. before it actually popped in 2005. he has a lot of credibility. he said the best deal might be no deal. if obama can go into these negotiations and say this fiscal cliff is not going to impact people on january 2nd, it's recessionary, but he could get the two main things he campaigned on, even if there's no deal, which is an instant hike on the very rich and no touching of social security, medicare and medicaid. then the republicans just as e.j. points out would have t
here's speaker boehner on the chances of cutting a deal. here it is. >> if you've looked closely at what the president had to say and look closely at what i have had to say, you know, there are no barriers here to sitting down and beginning to work through this process. >> ruth conniff, i really don't know what that means. do you? >> it makes me nervous because i don't really want to see us moving that close to boehner. and, you know, it's interesting. i talked to economist...
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boehner has a job to do. it is a party divided. you have the tea partiers who are ultraconservative. they don't want to give up their conservative values. and then you have the more moderates in the party and boehner needs to lead and maybe cut some deals on the side with more conservative members. jon: we're looking at him in that press event yesterday where he suggested that the republicans would be open to perhaps more revenue, chris, if there is some kind of major overhaul of the tax code. would democrats go along with that? >> again, i think that is definitely a pblt but, i think people need to understand that elections have consequences. the president, you know, ran on raising taxes on those making more than 250. if you look at the exit polls, the american people supported that position. so it is going to be very difficult i think with a straight face for boehner or the republicans to go into negotiations with either senator reid or the president to say, we don't want to raise taxes on the top 3%. >> but chris -- >> i don't k
boehner has a job to do. it is a party divided. you have the tea partiers who are ultraconservative. they don't want to give up their conservative values. and then you have the more moderates in the party and boehner needs to lead and maybe cut some deals on the side with more conservative members. jon: we're looking at him in that press event yesterday where he suggested that the republicans would be open to perhaps more revenue, chris, if there is some kind of major overhaul of the tax code....
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i think boehner will do what boehner needs to do. i hope that obama will do what he needs to do, but i think the chances are good and we will not suffer catastrophe, because americans somehow avoid catastrophe. >> mort, this very sensible, and in general there is a good chance of that happening. but i have to take exception to your referenced above board word -- to bob woodward. if he was an hour course, we would help him because of his arguments that barack obama failed to work his will on congress like lyndon johnson did. that is the most naive think i have ever heard in my life. the only reason this kind of presidential leadership and skilled and care is necessary now is it because it follows an election that brought obama won. effort to get back in power of a scorched-earth policy has failed. >> read the book in the movie is coming. questions from the audience, please. >> i am wondering what impact you think a link-up moderate senators, such as brown, lugar, college are going to have on the negotiation? >> we have been waiting fo
i think boehner will do what boehner needs to do. i hope that obama will do what he needs to do, but i think the chances are good and we will not suffer catastrophe, because americans somehow avoid catastrophe. >> mort, this very sensible, and in general there is a good chance of that happening. but i have to take exception to your referenced above board word -- to bob woodward. if he was an hour course, we would help him because of his arguments that barack obama failed to work his will...
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boehner. wasn't he tried to get everybody paid off. >> stephanie: from the tobacco companies. >> caller: from the cigarette companies, i mean for years. i've watched politics for years and i mean it was always like a joke two and three years ago always drunk all the time. >> well, yeah. >> caller: you know, a political joke. i've heard people say that. i just want to make a comment. i was watching david schuster the last show, and i can't--i just want to make a comment because i've watched him for years, too. my friend have sisters in college, and i guess he's really popular in dorms. >> stephanie: he's dreamy. >> caller: in dorm rooms. people have pictures of him in their dorm rooms. >> stephanie: really? i can't wait to tease him about that. >> caller: politics, i'm just a housewife, and i hear stories about college but we're not there. >> stephanie: he's like a political geek liker beat. >> like shawn cassidy of the political world. >> caller: they were talking about religion on the last sh
boehner. wasn't he tried to get everybody paid off. >> stephanie: from the tobacco companies. >> caller: from the cigarette companies, i mean for years. i've watched politics for years and i mean it was always like a joke two and three years ago always drunk all the time. >> well, yeah. >> caller: you know, a political joke. i've heard people say that. i just want to make a comment. i was watching david schuster the last show, and i can't--i just want to make a comment...
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you know what he has to say to john boehner? you lost i won. okay. so get out of my way and let's get it done. but don't tell me that you guys are in charge because you're not in charge. american people could have chosen to go your way with mitt romney. they didn't. they want a balanced approach. they want some new revenue and they want the wealthiest americans to pay their fair share. now is the time. >> announcer: radio meets television. the "bill press show" now on current tv. (vo) cenk uygur is many things. >>oh really? >>"if you ever raise taxes on >>the rich, you're going to destroy our economy." not true! [ ♪ theme ♪ ] >> announcer: this is the "bill press show." >> bill: hey, how about it. president obama, busy schedule >> bill: oh, man, poor president obama. he's got a -- do you think they would give him a day off. he's got such a busy schedule today. >> i'm not going to feel too bad for him. >> bill: he gets a daily briefing at 11:15. >> whoa. that's it, huh? >> bill: that's it. nothing else. >> that's it? >> bill: he deserves to kick b
you know what he has to say to john boehner? you lost i won. okay. so get out of my way and let's get it done. but don't tell me that you guys are in charge because you're not in charge. american people could have chosen to go your way with mitt romney. they didn't. they want a balanced approach. they want some new revenue and they want the wealthiest americans to pay their fair share. now is the time. >> announcer: radio meets television. the "bill press show" now on current...